Indonesian B2B platform banks $1.35m in seed funding

Proglix co-founders Wendy Wijaya and Wynn Nathaniel / Photo credit: Proglix

Proglix, a B2B commerce platform for raw materials, has secured US$1.35 million in seed money from backers such as 500 Global, Number Capital, and Magic Fund.

In a statement, the Indonesia-based company said it will use the fresh funds to expand its product offerings, customer outreach, and team size.

Proglix was founded in 2022 by CEO Wynn Nathaniel, COO Wendy Wijaya, and CTO Prawira Indra. The firm aims to simplify procurement of raw materials for industrial, electrical, construction, and photovoltaic systems. It currently focuses on providing metals, steel, polymers, and electrical supplies.

The company’s platform also facilitates credit financing for SMEs.

Proglix claims it has recorded a 66x growth in revenue within its first year of operation.

Other investors in the round include:

• Arkana Ventures
• MDI Arise
• Founders of Fazz, Evermos, Kenangan Fund, and Jiwa Group

See also: For Indonesian D2C brands aspiring to go global, the time is now